Click to play videoNew Delhi: Air India is likely to be the first airline to cut fares following a plea from the Union Civil Aviation Minister Praful Patel.
Sources have told CNN-IBN that Air India is considering the feasibility of the fare cut and is likely to make an announcement soon.
The amount will be decided after taking into account expenses and previous losses.
Patel has already asked airlines to cut fares, following a cut in aviation turbine fuel prices.
"Now with fuel prices down and also with the government's own desire to see that we are giving whatever help we can to you must match it with a perception that fares are coming down," Patel said at the Hindustan Times Leadership Summit 2008 on Saturday.
However, two major domestic airlines - Jet Airways and Kingfisher Airlines - have ruled out any cut in airfares.
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